Projects Newforesight

Credit trading system and broader traceability strategy for sustainable sugarcane
 

Situation
Bonsucro is a global non-profit, multi-stakeholder initiative aimed at improving the sustainability of the sugarcane production. It is the first global metric standard for sugarcane. To make the process of selling and buying Bonsucro Certified products worldwide as easy and commercially successful as possible, Bonsucro desired to develop a Credit Trading System in addition to its Mass Balance approach.

Assignment
NewForesight was first asked to develop the broader traceability strategy of Bonsucro. Next up was the design of the Credit Trading System in close contact with Bonsucro senior members throughout the sugarcane supply chain. In a working group setting, the technical details of the Credit Trading System were defined. The outcomes were translated into recommendations to Bonsucro’s Board of Directors and NewForesight was then asked to build the Central Database for the Credit Trading System, incorporating all technical rules and procedural requirements agreed upon.

Work delivered
In two assignments over the course of two years, NewForesight first designed Bonsucro’s system for credit trade in the context of a broader strategy. The credit trading system was further improved in line with members’ requests and then operationalized. Recently we delivered an updated traceability strategy of Bonsucro, defining the goals, purpose and use of segregation, mass balance and credit trade.

Clients

Bonsucro

Would you like to know more about

guide to Bonsucro_front page

 

 

 A guide to Bonsucro

 

 

 

 

Bonsucro credit trading system

Bart2

This project took place from 2012 until 2014. Want to know how we can attend to your traceability requests?

Contact Bart Vollaard